This article will assist you in choosing the ideal business opportunity if you are interested in starting a business in the agricultural industry and searching for the most lucrative small agriculture business ideas.
The production and distribution of agricultural products through farming activities associated with animals and crops are the main focuses of the agricultural business. In rural and suburban locations around the world, agriculture continues to be the main source of income for most households.
Starting a business in the agricultural sector can be a lot easier than other sectors because there are many companies ready to partner with entrepreneurs through “agricultural loans” to aid the supply of food to meet the growing demand of the populace.
Categories in Agriculture
Understanding the sorts of agriculture that are popular around the world is crucial before starting a business related to agriculture. Agriculture specialists categorize agro-based businesses broadly into the following groups:
- Fishing science
- Home Science
- Engineering for Agriculture
- Animal husbandry
List of the Profitable Agriculture Business Ideas for Start-ups in Nigeria
Find our list of the most profitable small-scale agriculture firms below:
1. Crop Farming
Starting an agriculture farm can be a successful business venture if you have an undeveloped property that is ideal for cultivation. You can create products based on regional demand and market them locally. Additionally, you can distribute the product through long-distance networks.
2. Poultry farming
After being practised in backyards for thirty years, poultry farming has evolved into a technologically advanced, global enterprise. It is the area of farming and agriculture that is expanding the quickest.
3. Backyard Plant Nursery
Starting a profitable home-based plant nursery in your backyard is a good idea. The company is ideal for folks who enjoy gardening as a hobby.
4. Dried Flower Business
Over the past ten years, demand for cut dry flowers has steadily risen. You can produce flowers, dry them, and sell them to craft shops and hobbyists if you own or are able to rent land.
5. Fertilizer Distribution Business
People who reside in small towns and rural areas are suitable for the fertilizer delivery company. It is one of the agricultural business ventures that one can launch successfully with a small initial investment.
6. Organic Farm Green House
The market for agricultural products cultivated organically has increased significantly over the past few years, which bodes well for an organic farm greenhouse business’s ability to expand and prosper. On small, family-run farms, the organic farm greenhouse industry was typically conducted. However, as the demand for foods farmed organically grows, more people are buying land for organic farming.
7. Mushroom Farming
A mushroom farming business can generate significant profits for you quickly and with little initial investment. Less space is needed to begin.
8. Hydroponic Retail Store
In recent decades, demand for the new plantation technology known as hydroponics has grown. It is a soil-free planting technique that may be used both at home and in business. You can open a retail hydroponic facility and sell hydroponic tools.
9. Snail Farming
The snail farming business opportunity requires dedication and specialized technological knowledge. Raising land snails exclusively for human consumption is known as snail farming. It contains a high proportion of protein, iron, little fat, and nearly all the essential amino acids for human physiology.
10. Sunflower Farming
The main necessity for launching a sunflower growing business is land. The sunflower is frequently referred to as a cash crop. A solid business opportunity exists when growing sunflowers for its oilseed while following the proper procedures. A landowner with an entrepreneurial spirit who is passionate about agriculture can start a sunflower farm.
11. Bee Keeping
A beekeeping business opportunity necessitates constant observation and thorough bee supervision. Global demand for honey is rising as health consciousness rises. Beekeeping is a lucrative business to start with little initial investment if you want to sell honey and other goods like wax.
12. Fish Farming
The commercial fish farming industry is a valuable investment that can provide income constantly throughout the entire year. With the use of contemporary methods and having a physical location, a businessperson can launch this enterprise with a modest initial financial outlay.
13. Fruits and Vegetables Export
By purchasing them from nearby farms, an entrepreneur can launch a fresh fruit and vegetable export business. This business can be started from home using simply a phone and computer with an internet connection.
An extremely successful retail agriculture business is selling flowers. This business can be started by someone who has a storage space and connections with flower farmers. Offering consumers door-to-door delivery is another way for a business owner to make a significant amount of money online.
15. Livestock Feed Production
One can establish a business producing livestock feed if they have faith in the distribution channel.
16. Frozen Chicken Production
Currently, frozen chicken is a popular item. The worldwide demand for this commodity is rising. With the right planning, a business owner in a metro or suburban area can launch this enterprise.
17. Botanical Pesticide Production
One of the most successful agricultural business concepts is the use of botanical pesticides. It is a necessary and required component of organic farming. This product is in very high demand right now.
18. Potato Chips Production
Both potato chips and french fries can be processed on the industrial manufacturing line for small potato chips. Given that it is an FMCG product, demand is rising internationally.
19. Broom Production
The technological method for producing brooms is straightforward, and the enterprise may be started with careful preparation and reasonable capital investment. For generations, people have used brooms to sweep up dirt and dust from inside and outside of their homes and businesses.
20. Basket Weaving
One needs to start a successful basket-weaving business with careful preparation and a highly creative mind with an eye for design. With a modest initial investment and a variety of raw materials, an entrepreneur can launch a personalized basket-weaving business from their home.
21. Flour Milling
There are numerous diverse disciplines within the flour milling industry. With a sound business strategy, a business owner can launch this venture. In this industry, building your own brand of goods is very lucrative.
22. Fruit Juice Production
There is a sizable market for companies that produce fruit juice. The fact that the production process is manageable and may be started on a modest scale is crucial.
23. Groundnut Processing
With a modest initial investment and faith in the source of the raw material (groundnut), an entrepreneur can launch this business. The market potential for processed groundnuts is quite excellent worldwide.
24. Cashew-nut processing
The FMCG sector has a sizable market for processed cashew nuts as a consumer durable. This venture can be started on a semi-automatic, small-scale basis by an entrepreneur.
25. Quail Egg Farming
The main focus of commercial quail farming is the commercial raising of quails for the production of eggs and meat. Quail farming is a significant industry that contributes to global food security and livelihoods.
26. Shrimp Farming
In freshwater environments, shrimp farming is an aquaculture industry that produces shrimp or prawns for human consumption. The worldwide demand for this commodity is rising.
27. Strawberry Farming
Strawberry is a sweet fruit that is also healthful. This fruit can also be grown in your backyard. Strawberry cultivation can be successful on a little plot of land. The growers benefit from generous profit margins.
28. Fish Hatchery
A fish hatchery is a facility used specifically for the artificial breeding, hatching, and raising of young finfish and shellfish. Fish larvae and juveniles are produced in hatcheries primarily for the aquaculture sector, where they are then moved to on-growing systems.
If a businessperson has enough land, they can create a piggery. Pigs are the second most effective feed converters after broilers, making them the most productive livestock species in terms of producing meat. A modest investment in structures and equipment is needed for the main facility, which is pig farming.
30. Farming of soybeans
Commercial processing of soybeans to make milk, soy flour, soy sauce, soybean oil, natto, and other products is a very lucrative agriculture business concept that may be launched with a small initial cost. A lucrative business to start is soybean farming if you have a small plot of undeveloped land.
31. Processing of Spice
The processing of spices has recently benefited from rising global demand. Spices that have been treated well are in high demand. The techniques used in processing and packaging are simple. In the industry of processing spices, the margin is also extremely pleasing.
32. Vegetable Farming
One of the most successful agricultural business ventures is growing vegetables. An entrepreneur with enough land can begin growing high-quality vegetables using good seeds and fertilizer.
33. Chicks Hatchery
Selling commercially produced chicks to nearby egg and poultry producers is the main source of revenue for chick hatcheries. Since it can be started with little money and is quite profitable, no specialist knowledge is needed.
34. Tea Growing
The tea-growing industry has tremendous potential, and demand for the commodity is rising on a global scale. Tea plants can be planted anywhere from sea level to altitudes as high as 1.3 miles above sea level, but they typically thrive in areas with acidic soil and significant annual rainfall (about 40 inches).
35. Grocery E-Shopping Portal
The most popular industry right now is online grocery stores. This tech-based business possibility needs careful preparation and a solid web marketing campaign to get off the ground.
More Profitable Agriculture Business Ideas & Opportunities
36. Landscape Expert
A person with extensive knowledge in landscape architecture is referred to as a landscape expert. The practise of landscape architecture entails site evaluation, site inventory, land planning, planting design, grading, stormwater management, sustainable design, construction specification, and making sure that all designs adhere to current building codes and regional and national regulations.
37. Medicinal Herbs Farming
Commercial herb cultivation is one of the successful agricultural business concepts. An entrepreneur can start growing medicinal herbs with a small amount of capital investment if they have access to enough land and know how to promote their products.
38. Cactus Arrangements
The most popular plant decor item is a cactus. A large number of plants can survive peacefully in the same container, making it perfect for tabletop gardens. A very lucrative and satisfying business to launch is making and selling arrangements of cacti. With little initial funding, it can start from home.
39. Dairy Farming
One of the most profitable agricultural business ventures is commercial dairy farming. It also produced a lot of dung in addition to milk. The potential for commercial dairy farming to increase milk production is enormous.
40. Goat Farming
One of the main meat-producing animals in the world is the goat. One of the most desirable cuts of meat, goat has a high level of domestic demand. Goat rearing under an intense and semi-intensive method for commercial output has been gaining popularity for the past several years due to its promising economic possibilities.
41. Potato Powder
In the processed and snack food industries, potato powder is widely utilized and can be used in any recipe that calls for mashed potatoes. It serves as a base or thickener when making ready-to-eat vegetable soups and gravies. The procedure of processing is likewise not very complicated. The production of potato powder can be started on a small-scale, semi-automatic basis.
42. Corn Farming
One of the most adaptable developing crops, corn (also known as maize), has a wide range of agro-climatic tolerance. Given that it possesses the highest genetic production potential of any grain, maize is referred to as the “queen of cereals” internationally. Using premium seed and contemporary technology, commercial corn farming is one of the most lucrative agricultural business ideas.
43. Certified Seed Production
Seed certification is a system of quality control that entails official control and inspection of seeds destined for marketing. The system, at its most basic level, attests to the fact that a sack, packet, or box of seed has the contents of the label and that it was produced, examined, and graded in line with the specifications of a Certification Scheme.
You can start a certified seed production business without any land requirements by using contract farming.
44. Soil Testing Lab
An agronomically sound, helpful, and sensitive to the environment technique, soil testing is used to monitor nitrogen levels and make exact fertilizer recommendations for various crops and cropping sequences while assuring no environmental harm. One of the best business ideas for agriculture is to start a government-certified soil testing lab.
45. Green House Flower Export
Creating a greenhouse that only grows flowers for export is one of the most successful business ventures. A businessperson with landholdings and connections to the flower export market can launch this firm with a large investment in finance.
46. Horticulture Crop Farming
Fruits, flowers, and plants are produced by horticulturists in greenhouses and nurseries. In this line of work, crop and procedure selection is crucial.
47. Fodder Farming for Goats and Cows
Any agricultural product used expressly to feed domesticated animals including chickens, horses, pigs, cattle, and goats is called fodder. Instead of the food that animals seek for themselves, the word refers to food that is given to them. Alfalfa, barley, oats, clover, grass, and wheat are examples of plant species that are frequently grown for fodder.
48. Rabbit Farming
It’s profitable to raise rabbits. And you may start a rabbit farm in a very tiny area. The major reason angora rabbits are raised is for their high-quality wool. In terms of wool production per kilogram of body weight, rabbits are the best.
49. Rose Farming
The rose is a lovely flower. It also has a lot of commercial value. If gardening is your pastime, you may make it into a successful business. With a modest amount of land, even you can start a small rose farm.
50. Agro-Farming Blogging
Due to the internet’s rapid expansion, even farmers in far-off communities may access it. The demand for objective, truthful guidance regarding farming-related matters is rising. Anyone with knowledge and experience in agriculture can write a blog on any topic linked to agriculture, connect the site to Google Adsense and earn passive income.
51. Agriculture Consulting
The consulting industry for agriculture is undoubtedly anticipated to expand in the near future, much like other consulting services. People with expertise and understanding in a particular area of agricultural activity may think about providing consultancy services to businesses and farms.
52. Cassava Farming/Garri Processing
One of the staple foods in Nigeria and all of Africa is Garri. There is a labour-intensive, tedious traditional way of processing Garri. It often takes some time to finish, starting with the gathering of the cassava roots, but thanks to advancements in technology. With modern machines, cassava roots can now be processed faster than they use to be, saving time and labour.
It is advised that you do market research on the demand for the products you grow and how to get them to market before deciding what type of agribusiness to launch.
As most agricultural enterprises need access to a sizable amount of land and farm machinery to get started, you’ll also need a good business strategy.
Knowing how to farm effectively and having some business development expertise are prerequisites for making money from an agricultural enterprise. We sincerely hope that this comprehensive collection of agriculture business concepts will assist you in choosing the one that is best for you.